Tag Archives: Promasidor Nigeria Limited

FG denies Pioneer status to Guinness Nigeria, Promasidor Nigeria, 13 others

The Federal Government has denied request by Guinness Nigeria Plc, Promasidor Nigeria Limited and thirteen other firms seeking tax relief, also known as “Pioneer status” under the Industrial Development Income Tax Act.

Pioneer status is a tax incentive from the Federal Government which exempts companies from income tax for a period of time. It is also known as a tax holiday and is meant to encourage investments in new industries or products that do not already exist in the country.

Forex restriction on dairy likely to lead to higher milk prices, says milk producers

Milk producers in the country have said that foreign exchange restriction on milk imports would ultimately lead to higher prices of milk products for consumers.

“Of course, it will definitely affect prices. There is a difference of about N55 or N60 per dollar between the exchange rate on the black market and the interbank market,” said the General Manager, External Affairs, PZ Cussons, Mohammed Tahir at a dairy Congress in July.

Promasidor Management visits Ekiti State on Ikun Dairy Farm Resuscitation

Promasidor Nigeria Limited, makers of a wide range of dairy products including Cowbell milk, Loya milk, Miksi milk and others took its management on a working visit to Ekiti State to hold further discussions on the newly announced partnership between the company and the State Government with regards to backward integration and resuscitation of Ikun Dairy Farm.

Promasidor signs agreement with Ekiti State to revive Ikun Dairy Farm

Promasidor Nigeria Limited, makers of Cowbell and Loya milk have signed a partnership agreement with the Ekiti State Government as part of its backward integration initiative aimed at creating local sourcing of raw materials for its dairy products through the state-owned Ikun Dairy Farm.

The agreement was signed by Ekiti State Governor, John Kayode Fayemi and the Managing Director of Promasidor Nigeria Limited, Anders Einarsson, in Abuja on Tuesday.

Promasidor Reaffirms Commitment to Employees Safety, Compliance to Regulations

Promasidor Nigeria Limited has restated its commitment to ensuring the safety of its employees and risk-free operations as it remains unwavering in adherence to health and safety requirements for organisational development.

This position was reinforced at the company’s safety day held last week under the theme “No Safety, Know Pain”, where stakeholders enlightened the workforce on health and safety measures, both at work and home.

Promasidor marks Children’s Day in Grand Style at One Love Family Fest

Promasidor Nigeria Limited celebrated over 2,000 children from 50 schools in Lagos with funfair in commemoration of this year’s Children’s Day. The event, tagged Promasidor One Love Family Fest was held at the Ndubuisi Kanu Park, Alausa, Lagos, on Saturday, May 25, 2019.

The day kicked off with a fun run which was a mini marathon for children within the ages of 5-15 years old. The children were split into three different categories based on their age groups:

Promasidor hints at strong demand for Sun Vita

The head of Marketing at Promasidor Nigeria Limited, Mr Abiodun Ayodeji, has revealed that sales of its newly launched Sun Vita cereal has been strong, making it one of the most sought after brands by consumers.

Ayodeji disclosed this during an interview at the company’s head office in Isolo, Lagos.

Sun Vita cereal was launched into the market in December 2018, with 75% locally sourced material.

Multinational firms band together to tackle plastic waste in Sub-Saharan Africa

A group of multinational firms with operations in Africa have come together to launch the Africa Plastics Recycling Alliance in a bid to reduce the problem of plastic waste across the continent.

The companies – Diageo, Unilever, The Coca Cola Company, Nestlé and Promasidor unveiled the alliance at the CEO Africa Forum in Kigali, Rwanda.

Promasidor Nigeria introduces SunVita RTD Cereal to the market

Promasidor Nigeria Limited, makers of a wide range of dairy products and other consumer goods, such as Cowbell Milk, Loya Milk, Miksi Milk and other quality brands has launched its latest addition into the market called Sun Vita Cereal, a zip-lock packaged ready-to-go cereal.

Cowbellpedia 2018 Mathematics Champions ends with winners from Ogun, Rivers States

A flag of fame was raised for Ogun and Rivers States last weekend following a spectacular performance by their representatives who beat all competitors to be crowned junior and senior champions of the 2018 Cowbellpedia Secondary Schools Mathematics Television Quiz Show.

Akinfoluhan Akinleye of The Ambassadors College, Ota, Ogun State pulled a total of 90 points at the junior category, while Chinedu Mgbemena of Graceland International School, Port Harcourt, Rivers State, emerged the senior category winner.